latest news releases from the newsroom
Grand Havana Enterprises Inc.
Grand Havana Enterprises, Inc. Enters Into License Agreement for Moscow Club
LOS ANGELES, Aug. 8, 2006 (PRIMEZONE) -- Grand Havana Enterprises, Inc. ("Company") (Pink Sheets:PUFF) today announced that it entered into an agreement whereby the company granted a license to a third-party entity to establish and operate a Grand Havana Room in Moscow, Russia. The agreement provides for an initial license fee to be paid to the company as well as ongoing royalty payments based on sales. Although the initial license fee has been paid and is not refundable, the license will be cancelled if the Moscow club is not open for business within one year. Although there can be no guarantee, the licensee has indicated that it expects the Moscow club to be open by the end of this calendar year. The agreement also provides for certain reciprocal rights between the Moscow club and the New York and Beverly Hills clubs.
HumWare Media Corporation
HumWare Media Corp.'s Subsidiary, Timeless Sports Inc., Scheduled to Open First Retail Location
GOLDEN, Colo., Aug. 8, 2006 (PRIMEZONE) -- HumWare Media Corporation (Pink Sheets:HMWM) is pleased to announce that its wholly owned subsidiary, Timeless Sports Inc., will be opening its first retail location in the exclusive Flat Iron Crossing Mall in Broomfield, Colorado, just outside of Denver. The store's grand opening is set for September 2, 2006. Timeless Sports plans to open an estimated thirty-two additional retail locations over the next three years, where they will sell a wide variety of sports memorabilia.
WhitePages.com Surpasses 15 Million Visitors
SEATTLE, Aug. 8, 2006 (PRIMEZONE) -- WhitePages.com, the leading provider of online directory assistance services, today announced it has reached a three-year unique visitor growth milestone of nearly 300 percent. According to the latest rankings from comScore Media Metrix, WhitePages.com is the number 38 most trafficked site on the Internet with more than 15 million visitors per month(a). In June of 2003, the company was ranked number 124 with just over 5.5 million visitors.
WW Energy Inc.
WW Energy Announces Letter of Intent to Purchase Producing Oil and Gas Assets in Montana Including Oil Sands and Pipeline
FARMINGTON, N.M., Aug. 8, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) is pleased to announce that it has entered into a letter of intent to acquire forty-one percent of a private company's natural gas and oil interests in Montana. The assets are characterized by producing oil and gas assets along with associated facility infrastructure (twenty miles of pipeline). The properties also contain a significant portfolio of development opportunities with many having multi-zone potential. The letter of intent is expected to close within sixty days.
Cornell Companies, Inc.
Cornell Companies Reports Second-Quarter, Six-Month 2006 Results
HOUSTON, Aug. 8, 2006 (PRIMEZONE) -- Cornell Companies, Inc. (NYSE:CRN) today reported results for the quarter ended June 30, 2006. The Company reported net income of $3.9 million, or $0.28 per diluted share, compared with a net loss of $0.3 million, or $0.02 per diluted share, in same period last year. This year's second-quarter results included $0.2 million of losses from discontinued operations and $0.6 million of losses associated with New Morgan Academy. The 2005 second-quarter results included a total of approximately $0.7 million for start-up costs (net of start-up revenues) for new facilities, $1.7 million of losses from discontinued operations, and $0.5 million of losses associated with New Morgan Academy.
EMS Technologies, Inc.
EMS Technologies Announces Second Quarter Earnings
ATLANTA, Aug. 8, 2006 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today reported second quarter earnings from continuing operations of $2.5 million or $.16 per share, on revenues of $78.0 million. All of the Company's operating divisions were profitable except for EMS Wireless, which had lower orders from major U.S. wireless carriers for system expansion. The Company's consolidated earnings for the comparable quarter in 2005 were $3.9 million or $.35 per share, on revenues of $81.6 million.